REGULATING NON-BANKING

This role is, perhaps, the most unheralded aspect of our activities, yet it remains among the most critical. This includes ensuring credit availability to the productive sectors of the economy, establishing institutions designed to build the country’s financial infrastructure, expanding access to affordable financial services and promoting financial education and literacy.


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Date : Dec 26, 2019
RBI cancels Certificate of Registration of Thirteen NBFCs

The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies.

Sl. No. Name of the Company Registered Office address of the Company CoR No Date of issue of CoR Date of Cancellation of CoR
1. Embro Finvest Limited 39, Saubhagya Appts., Sector-9, Rohini, New Delhi-110 085 14.01300 September 28, 1998 August 16, 2019
2. KMG Macro Investments Private Limited
(Formerly known as Mili Global Finance Private Limited)
B-2, GF, Friends Colony West, Mathura Road, New Delhi-110 065 B-14.02023 January 21, 2004 October 15, 2019
3. Shri Sukta Investment & Finance Private Limited Rishi Vihar Colony, D.N. College Hisar, Haryana-127 021 14.00405 March 11, 1998 October 17, 2019
4. Sun Invest Associates Limited C-38 F F Complex, Jhandewalan Ext New Delhi, West Delhi- 110 055 14.00707 April 29, 1998 October 23, 2019
5. Swaws Credit Corporation India Private Limited
(Formerly known as Sai Swaroop Auto Finance Ltd.)
6-32/1/224, Vayu Shakthi Nagar, Dammaiguda, Nagaram, Kesara Mandal, Rangareddy District, Telangana, Pin-500 083
Plot No. 91/92, Road No. 20, Phase III, Saket Colony, Damaiguda Main Road, J.J. Nagar Post, Kapra, Secunderabad-500 672
B-09.00320 October 17, 2012 November 08, 2019
6. Sun-Star Securities and Credits Private Limited 200, Ambika Vihar, Paschim Vihar, New Delhi-110 087 14.00331 March 07, 1998 November 13, 2019
7. Supermax Fincap Private Limited 5182, 2nd Floor, Gali Sultan Yar Khan Ballimaran, Delhi-110 006 B-14.02457 September 17, 2001 November 14, 2019
8. Signatureglobal Capital Private Limited
(Formerly known as Himalaya Holdings Private Limited)
12th Floor, Dr. Gopal Das Bhawan, 28, Barakhamba Road, Connaught Place, New Delhi, Central Delhi-110 001 14.01549 September 26, 2017 November 18, 2019
9. Nadia Printing & Packaging Private Limited 64, Bentinck Street, 2nd Floor, Room No. 2A, Kolkata-700 069 B.05.03999 January 25, 2001 November 21, 2019
10. Savera Securities Private Limited Room No. 1, 3rd Floor, 6 Lyons Range, Kolkata-700 001 B.05.06179 February 16, 2004 November 28, 2019
11. Adinath Investment and Trading Company
(Presently known as Adishwar Enterprises LLP)
Auro Mira Bhawan, 2722, Gurdev Nagar, Pakhowal Road, Ludhiana, Punjab-141 001 B-06.00556 October 08, 2002 December 02, 2019
12. Ankur Services and Growth Fund Limited A-39 NDSE-II, New Delhi, South Delhi-110 049 14.00993 August 10, 1998 December 11, 2019
13. ARG Financial Services Private Limited A-79, 4th Floor, Gali No 3 Rama Garden, Karawal Nagar East Delhi-110 094 B.14.02512 November 08, 2001 December 11, 2019

As such, the above companies shall not transact the business of a Non-Banking Financial Institution, as defined in clause (a) of Section 45-I of the RBI Act, 1934.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2019-2020/1519


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